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Webutuck BOE summarizes 2017-18 budget at public hearing, before vote

kaitlinl@millertonnews.com

WEBUTUCK — The Webutuck Board of Education (BOE) held its public hearing for the 2017-18 budget vote on Monday, May 8.

President Kristen Panzer and Superintendent Ray Castellani gave an overview of the budget development process. The anbudget vote was May 16, after this paper’s press deadline.

Compared to the 2016-17 levy of $13,194,751, Castellani said the board raised the levy by 1.91 percent for a total tax cap limit of $251,527, creating a tax levy allowance of $13,446,278. The tax cap limit this year was  set at 2 percent.

For budget savings and efficiencies, Castellani said efficiencies were “not budget driven as they are program driven.” 

Castellani reported the board carefully reviewed enrollment and programs before deciding if it could deliver a better program. 

After comparing the 2016-17 budget of $21,705,934 to the proposed 2017-18 budget, the board noted a 2.56 percent increase of $556,618, leading to a total proposed budget of $22,262,552. 

Total anticipated revenues are at $8,522,223 and include $6,194,092 in proposed state aid and a fund balance of $2,100,000.

The projected True Value Tax Rate was reported at $12.81 per $1,000 assessed value. For property with an assessed value of $100,000, the annual school taxes would total at $1,281 with an annual increase of $10.

 

Details about the budget vote will be available in next week’s issue.